Pacer Advisors Inc. Takes Position in Stifel Financial Corp (NYSE:SF)

Pacer Advisors Inc. bought a new stake in Stifel Financial Corp (NYSE:SF) during the second quarter, Holdings Channel.com reports. The institutional investor bought 28,602 shares of the financial services provider’s stock, valued at approximately $1,689,000.

Several other hedge funds also recently modified their holdings of SF. Oregon Public Employees Retirement Fund increased its position in shares of Stifel Financial by 1.4% during the second quarter. Oregon Public Employees Retirement Fund now owns 28,889 shares of the financial services provider’s stock worth $1,706,000 after acquiring an additional 411 shares during the period. Northern Trust Corp lifted its stake in Stifel Financial by 1.1% in the first quarter. Northern Trust Corp now owns 1,635,976 shares of the financial services provider’s stock worth $86,314,000 after acquiring an additional 18,599 shares during the last quarter. Piedmont Investment Advisors Inc. purchased a new position in Stifel Financial in the first quarter worth approximately $218,000. Bowling Portfolio Management LLC purchased a new position in Stifel Financial in the second quarter worth approximately $2,096,000. Finally, Moody Aldrich Partners LLC grew its holdings in Stifel Financial by 2.6% during the 2nd quarter. Moody Aldrich Partners LLC now owns 54,460 shares of the financial services provider’s stock worth $3,216,000 after acquiring an additional 1,396 shares in the last quarter. Hedge funds and other institutional investors own 87.54% of the company’s stock.

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SF has been the topic of a number of recent analyst reports. Zacks Investment Research raised shares of Stifel Financial from a “sell” rating to a “hold” rating in a research report on Saturday. ValuEngine cut shares of Stifel Financial from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. Finally, Compass Point began coverage on shares of Stifel Financial in a research note on Thursday, May 30th. They set a “buy” rating and a $65.00 target price for the company. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $62.67.

Shares of NYSE SF traded up $0.10 during midday trading on Wednesday, hitting $58.46. 7,161 shares of the company’s stock were exchanged, compared to its average volume of 316,073. The firm’s fifty day simple moving average is $54.73 and its 200-day simple moving average is $56.29. The company has a market cap of $3.91 billion, a PE ratio of 11.05, a P/E/G ratio of 1.65 and a beta of 1.88. Stifel Financial Corp has a twelve month low of $38.39 and a twelve month high of $61.94. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.74 and a quick ratio of 0.67.

Stifel Financial (NYSE:SF) last announced its quarterly earnings results on Tuesday, July 30th. The financial services provider reported $1.41 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.34 by $0.07. The firm had revenue of $800.80 million during the quarter, compared to the consensus estimate of $780.94 million. Stifel Financial had a return on equity of 14.73% and a net margin of 13.73%. The firm’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same period in the prior year, the company posted $1.22 earnings per share. Equities analysts anticipate that Stifel Financial Corp will post 5.68 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Tuesday, September 3rd will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $0.60 annualized dividend and a dividend yield of 1.03%. Stifel Financial’s dividend payout ratio is presently 11.36%.

In other news, Director John P. Dubinsky sold 1,500 shares of Stifel Financial stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $54.71, for a total transaction of $82,065.00. Following the sale, the director now owns 27,456 shares in the company, valued at $1,502,117.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Victor Nesi sold 1,415 shares of the business’s stock in a transaction dated Wednesday, July 10th. The shares were sold at an average price of $60.12, for a total value of $85,069.80. Following the completion of the sale, the insider now directly owns 179,910 shares of the company’s stock, valued at $10,816,189.20. The disclosure for this sale can be found here. Insiders have sold a total of 20,012 shares of company stock valued at $1,132,599 in the last 90 days. Insiders own 3.77% of the company’s stock.

Stifel Financial Company Profile

Stifel Financial Corp., a financial services and bank holding company, provides retail and institutional wealth management, and investment banking services to individual investors, corporations, municipalities, and institutions in the United States, the United Kingdom, rest of Europe, and Asia. The company operates through three segments: Global Wealth Management, Institutional Group, and Other.